Plans to bring the Fuso and Hino truck brands together are accelerating with Daimler Truck, Mitsubishi Fuso, Hino and Toyota Motor Corporation now concluding Definitive Agreements for integrating the two brands.
The two truck manufacturers will come together on an equal footing in a new combined company with over 40,000 employees. A new holding company, to be headquartered in Tokyo, is expected to list on the Prime Market of the Tokyo Stock Exchange.
Daimler Truck and Toyota will each aim to own 25% of the (listed) holding company for the integrated Mitsubishi Fuso and Hino. The holding company plans to own 100% of Mitsubishi Fuso and Hino.
The futur...